Ether Inflows to Exchanges Hit Highest Point Since January

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The amount of Ether flowing into exchanges hit the highest point since January, with a netflow of 140.66k $ETH on Saturday. This marks the highest net deposits to exchanges in over four months. High inflows to exchanges are typically signs of selling behavior, as people either try to claim profits or succumb to FUD (Fear, Uncertainty, and Doubt) with ETH price drawing close to $4000. This deposit surge could indicate increased selling pressure on Ethereum in the short term.